President Congratulates Honduras on Approval of Millennium Challenge Account Compact

Today, the President congratulated Honduras on the approval of its
Millennium Challenge Account (MCA) Compact by the Millennium Challenge
Corporation (MCC) Board. The $215 million Compact will link rural
farmers to the local, regional, and global economies through a
comprehensive rural development program and an upgraded transportation
network, raising rural incomes and strengthening the region as a
whole. It is an example of the innovative and results-oriented
approach to development the President launched through the MCA, a
groundbreaking initiative that rewards countries that govern justly,
invest in their people, and promote economic freedom.